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Gold/Mining/Energy : Precious and Base Metal Investing

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To: russwinter who wrote (2932)	4/5/2002 1:09:01 PM
From: russet	Read Replies (1) of 39344

DNT.v,.... has excellent prospects in Peru but underfunded at the moment. One prospect close to Yanacocha is in line with current Newmont drilling that is getting closer and closer to Candente's Las Sorpresas Property. Cañariaco property was purchased in 2001 for US$75000, acquired 100% interest (no NSR) in the porphyry copper property in Northern Peru. Annual property payments of US$17,500 commence June 30, 2002. Cañariaco is an advanced exploration / scoping stage project with potential for a significant leachable copper resource suitable for low-cost SX-EW processing, still open in several direction but past drilling outlines possible 100 million tonnes of Copper mineralization ranging from 0.23% to 1.25% encountered over widths varying from 200 to greater than 300 metres in 10 of the 11 holes drilled. They bought the property by bidding after a major, Billiton, was forced to rationalize in the merger with BHP. SX-EW will increase yields of low grade zone significantly to make project much more economic. Lots of other prospective gold and metal prospects in Peru portfolio. http://www.candente.com/s/NewsReleases.asp?ReportID=21507 RDU.v,... is funded by a major and has uncovered a new system of volcanics in Guatemala that may yield something,...good surface samples so far. Worth a look at the latest NR's. Stink bids in on both.

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